Kremlin calls new U.S. sanctions illegal, says financial system stable

2 Min Read

Kremlin spokesman Dmitry Peskov attends a news conference of Russian President Vladimir Putin and his French counterpart Emmanuel Macron in St. Petersburg, Russia May 24, 2018. REUTERS/Grigory Dukor

MOSCOW (Reuters) - The Kremlin on Thursday said a new batch of sanctions on Moscow announced by the United States was illegal under international law and that Russia’s financial system was stable.

Washington said on Wednesday it was imposing fresh sanctions on Russia by the end of August after determining that Moscow had used a nerve agent against a former Russian agent and his daughter in Britain, something the Kremlin denies.

Kremlin spokesman Dmitry Peskov, speaking to reporters on a conference call, said the U.S. move was “absolutely unfriendly,” but said Moscow continued to hope that for an improvement in battered U.S.-Russia relations.

“Making a linking to these events (the British poisoning) is for us unacceptable and such restrictions like those passed by the American side earlier ... are absolutely illegal and do not correspond to international law,” said Peskov.

News of the U.S. measures sent the rouble tumbling to two-year lows at one point and sparked a wider asset sell-off over fears that Moscow was locked in a spiral of never-ending sanctions.